Announcing a Rs 500-crore investment Pandit Dindayal Upadhayay Petroleum University that will be set up in collaboration with the Gujarat government, Mukesh Ambani, chairman of Reliance Industries, said, "In Narendra Bhai, we have a leader with a grand vision...Gujarat has been a pioneer state in infrastructure giving it an innate advantage. RIL is first a Gujarati co, then an Indian co.”

The 3-day grand event aimed at investment promotion and creating investor friendly climate is being attended by top Indian industrialists and representatives of foreign companies and a battery of envoys.

"We began from Gujarat and we come back here again and again to invest. We have committed investment of Rs 100,000 crore in Gujarat. We will expand our operations in Gujarat in Jamnagar and Hazira," Ambani said adding that the Reliance is proud to be called a "Gujarati company."

His younger brother, Anil Ambani, put Modi in the league of Mahatma Gandhi and Sardar Patel. "Let me attempt to paint another picture: October 2, 1869, Porbandar, Gujarat - the birth of Mohandas Karamchand Gandhi, the father of the nation; October 31, 1875, Nariyal, Gujarat - the birth of Sardar Vallabhbhai Patel, India's man of steel; December 28, 1932, Chorwad, Gujarat - the birth of Dhirubhai Ambani, India's greatest entrepreneur; and September 17, 1950, Vadnagar, Gujarat - the birth of Narendra Modi," he said.

Anil Ambani also called Modi ‘a king among kings’. "Narendra Bhai has the Arjuna-like clarity of vision and purpose. The Chief Minister's skills have acted as a huge magnet for investors and entrepreneurs from India and across the world in the past decade."

Congratulating Modi on his hat-trick in Gujarat Assembly elections, Godrej group chairman and CII president Adi Godrej said it was the result of continuing policies and commendable leadership.

More accolades poured in for Modi, fresh from his triumph in the state assembly elections, with Chairman Emeritus of Tata Group Ratan Tata saying it would be "stupid" not to be in Gujarat which has an atmosphere conducive for industrial development.

"Earlier, I had said that it would be stupid to not be in Gujarat, But I was only stupid that apart from the Tata Chemicals investment made before we were not here. But now Tata group has committed to invest or invested Rs 34000 crore here," he said.

Tata, whose dream car 'Nano' project was forced out of West Bengal and shifted to Sanand in Gujarat, said he hoped the state will continue to be "unique in providing the industry-friendly environment".

Appreciating the stress on Knowledge that Vibrant Summit will focus, Anand Mahindra, Chairman and Managing Director of the Mahindra Group, said, "Today people are talking about China model of development in Gujarat but day is not far when people will talk about Gujarat model of growth in China."

UK India Business Council (UKIBC) chair Patricia Hewitt, whose country ended decade-long boycott of the state imposed in the aftermath of 2002 communal riots in October last year, lauded Gujarat for having maintained a near double digit growth rate in the last ten years which was more than that of China.

Ron Sommers, representing US India Business Council (USIBC) called Gujarat's progress "stunning". "Progress of Gujarat is stunning. It has set a new benchmark not only in India but across other countries in the world because Chief Minister Narendra Modi has shown that progress trumps politics. Gujarat has achieved double digit growth because of stability and sustainability," he said.

Chairman of the Regional Government of Astrakhan, a province in Russia, Konstantin Markelov congratulated Modi on his electoral success and wished him good luck for "victory at the national level".

The 6th Vibrant Gujarat Summit (VGS) began on Friday, where the Chief Minister of Gujarat apllied his marketing savvy skills to drive investment in the state. Notably, last time the state had attracted investment proposals worth Rs 20 lakh crore.